Citigroup Inc (NYSE:C) Issues New Shares Class Of Autocall Fund


Dallas, Texas 12/16/2013 (FINANCIALSTRENDS) – Citigroup Inc (NYSE:C) is an S&P 500 index tracked banking major which has a market cap of $154 billion. Mid last week the banking firm launched a new share class on the lines of its very successful predecessor share calls called Autocall Fund. Readers should note that the first share class was launched in the aftermath of the financial crisis in 2010 and has managed to post returns adding up to 36.4 percent in the past four years.

In order to bring readers up to speed on the Autocall investment vehicle a quick introduction is in order.  It is a market benchmarked investment vehicle whose maturity will be triggered if and when certain benchmarks which were set out at the time of fund launch are met. The maturity will hold good, irrespective of the term or the actual maturity date as described during its launch. This product has been launched by Citigroup Inc (NYSE:C) for its U.K market and allows its customers to enjoy solid returns in spite of fluctuations observed in the prevalent markets.

These new class of shares launched by Citigroup Inc (NYSE:C) attract a return in excess of 7 percent per share over the next six year term period. The capital invested in this scheme is protected for its investors on the condition that FTSE 100 index is above 60 percent of its start level at the time of stock taking on December 5 2019.

The investors can look forward to taking advantage of the first Autocall on December 2015 if the FTSE index has appreciated by 100 percent from its start level by then. Any income generated from the payouts of the first autocall will automatically get invested back into a new autocall investment vehicle which will be governed by specific rules to be set at that time. All in all, this investment vehicle provides investors with assured returns which are well above market returns in regular stock.

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